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What Lieferkettengesetz Means for Procurement? The German SupplyChain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. For procurement organizations, the German SupplyChain Act presents both challenges and opportunities.
How an agile SupplyChain drives a sustainable competitive advantage. As companies reassess their supplychains in light of the Covid-19 pandemic as well as growing pressure to improve sustainability, some lessons can be learned by taking a look back. Zara’s SupplyChain Approach. Zara & fast-fashion.
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. .
Procurement has been uniquely placed on the business front line of this crisis in helping to pivot supplychains from producing make-up to face masks and to finding thousands of items of remote working equipment overnight, or from manufacturing parts for car engines to ventilators. Blending of IT and procurementteams.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supplychain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
About 60 Procurement Managers, Directors, and Executives attended from top medical device manufacturing companies. Each of their presentations was on-point and contained valuable insight by openly sharing best practices and candid conversations about their maturity journey. It was wonderful. Time is Money. Settle no more!
The total costs, in terms of human lives, disrupted supplychains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and SupplyChain leaders.
In today’s dynamic, complex market, where procurement’s objectives continue to grow, data is the fuel for success. In the latest Procurement Leaders Report and Survey , we ask top-performing CPO’s how they’re prioritizing data-enabled supplychain visibility–and the changes that need to be made. Ensure Accessibility.
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. .
CTA April 28, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. A recent webinar hosted by SupplyChain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives.
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. According to SupplyChain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.
AI can bring many benefits to procurementteams and their companies. In this post, we take a look at the benefits of using AI in procurement departments. Information AI allows procurementteams to mine huge amounts of complex data. They can then identify the most relevant and appropriate AI solutions.
Watch our latest Procurement on Demand webinar that provides an interactive review on how to assess risks and ways we might respond within an open and interactive forum. This exclusive webinar delves into the impact of Risk within an interactive forum where individuals could come and discuss ideas and their experiences within this theme.
The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier information management, supplychain risk management/mitigation, and supplier performance management. Healthcare.
During the pandemic, Procurement flexed its muscle, helping to mitigate supplychain disruptions and enable new channels for engaging with customers and fulfilling orders. Historically, Procurement for retail has been largely centralized: Stores request and receive inventory from corporate as needed. Attack GNFR Spend.
During the webinar, Ardent Partners highlighted a series of market trends and predictive scenarios for 2022, focusing on massive challenges brought on by the global pandemic that procurement organizations are facing today and present a thoughtful discourse on the road ahead. The Criticality of the SupplyChain (and Suppliers).
The benefits of KPIs are vast and include the fact that it gives the procurementteam early indication of any potential issues. If a supplier that was once performing well in relation to delivering excellent quality suddenly starts to present with many defects or lower quality items, this would raise concern.
While I was at the Ivalua NOW event in Paris, I interviewed Cyrille Naux, Purchasing and SupplyChain Vice-President at Chassis Brakes International, a multinational manufacturer of automotive brakes and brake components.
Effective solutions offer a single supplier record for a 360-degree view, with 3rd party ESG information seamlessly integrated, and the ability to extend access to suppliers to directly enter their suppliers to map the full supplychain. To tackle climate change and other ESG-related challenges, we need procurement to rise up again.
The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supplychain resilience and continuity, reduce costs and protect the bottom line.
Our first day will feature Ivalua’s Founder and CEO, David Khuat-Duy , offering his reimagined vision in a post-pandemic world, leveraging digital transformation to restore growth, and igniting new opportunities for procurementteams and suppliers. Breakout : Data-Driven Procurement. Breakout Sessions.
Kicking off the day with our first keynote, Ivalua’s Founder and CEO David Khuat-Duy will present his reimagined vision in a post-pandemic world, leveraging digital transformation to restore growth, and igniting new opportunities for procurementteams and suppliers. Rooftop Reception at the INTERNATIONAL SPY MUSEUM.
Inclusive Opportunities: Public procurement can be a tool to promote equality, diversity, and inclusion by prioritising contracts with suppliers committed to these ideals. Why Does Social Value Matter In Public Procurement? Aligning these goals with community priorities and adhering to legal requirements ensures a balanced approach.
We headed right into another session with Francesco Cantoni , Procurement Director, LucchiniRS , Julien Jacomy , Purchasing Process Manager, Plastic Omnium and Jarrod McAdoo , Director, Product Marketing, Ivalua discussed supplier collaboration and supplychain strategy. Day 1 Closing Remarks. Day 2 Ivalua NOW Paris.
Business today isn’t business as usual, as the COVID-19 pandemic impacts organizations and supplychains across the globe. New leadership skills and traits will be necessary to ensure business continuity, and to inspire teams to work together to support each other and remain productive.
As organizations look beyond the panic and shocks created by Covid-19, procurement leaders must show that they can contribute to restoring growth and supporting a broader list of objectives. The reality is that too few procurementteams have experience here. A core goal of Ivalua’s in 2021 is to help more leaders do so.
Identifying your agency’s position and mapping out an AI roadmap will be increasingly crucial to guiding your hardware investment strategy and ensuring your agency is prepared for the future, not just the present. One thing will become clear: A one-size-fits-all approach to hardware simply won’t cut it in the AI era.
The FIT Act would authorize agencies to make advanced payments for cloud computing services, increase the simplified acquisition threshold from $250,000 to $500,000 and the micro-purchase threshold from $10,000 to $25,000, and require Federal procurement officers to take cross-functional training. Small Business Administration (SBA) on Aug.
Aimed primarily at imports from key trading partners, these tariffs are set to significantly affect a wide array of goods, directly highlighting the impact of US tariffs on UK supplychains. For procurement professionals, this development presents new challenges in cost management, supplier relationships, and regulatory compliance.
We were thrilled to be joined by Paws for Purple Hearts at the Fall Conference for a special presentation and to learn more about their efforts. During the interview, Jackson shares her management priorities for NASA procurement and reflects on how her 30-year career has influenced her approach to acquisition policy development.
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